Which Mediclaim policy will serve our post retirement needs?

Q:I am 48 years old and diabetic for the last a year. I am being treated by oral medicines and maintaining a good control. I am not covered by any health insurance at present, since my husband’s company takes care of our medical reimbursements. However, I would like to take a Mediclaim policy for our post retirement needs (approximately after 4 years). Could you suggest a policy where I could be covered?

A:A typical individual medical insurance policy will not cover any ailment arising directly or indirectly due to complications of diabetes. If you want you may go for the Mediclaim policy offered by public sector insurance companies or the policies offered by private sector insurance companies. But if you want to cover the pre existing disease please look up the silver plan offered by Bajaj Allianz general insurance company. The earlier you take the insurance policy the lesser you may have to face problems associated with obtaining the cover at a later stage because insurance companies are increasingly discouraging giving cover to the older age groups when they opt for the first time as it increases the chances of getting the claim.